Despite a burgeoning debate on substantive issues in IPE, little attention has been devoted to its theoretical foundations. In this important new text, Matthew Watson reviews the main current theoretical approaches to IPE and highlights the problems that arise from treating 'states' and 'markets' as separate and contesting units of analysis. Foremost among these problems is the lack of attention given to theorizing the constitution of the individual as both an economic agent and a moral being.
No approach to world affairs in the 21st century can afford to ignore the impact that processes of globalisation are having on governments, economies, cultures, and individuals. An understanding of the theories that underpin International Political Economy, and their practical applications, is therefore crucial to the study of international relations, politics, development and economics. In this comprehensive and accessible introduction to the field, the authors consider traditional and alternative approaches to IPE, elucidating key concepts, assumptions and the intellectual and historical context in which they arose and developed – making clear at all times their relevance to issues from trade finance and government, to environment, technology, development and culture. The style of this book encourages independent reflection and critical thinking. Each chapter relates theoretical analysis to contemporary issues, by way of giving the student a better understanding of the theory, and also demonstrating the value of theory in the real world.
Internationale Organisationen mit globaler oder regionaler Reichweite (z.B. UN, IWF, Weltbank, WTO, EU) spielen eine zunehmend wichtige Rolle bei der Schaffung und Implementierung von internationalen Normen und Regeln, mithin bei Global Governance. Die Sicherheit, das ökonomische Wohlergehen, der Schutz der Menschenrechte und die ökologischen Lebensbedingungen von Menschen weltweit werden von der Fähigkeit bzw. Unfähigkeit internationaler Organisationen, Kooperation und Regieren jenseits des Nationalstaates möglich zu machen und zu stabilisieren, beeinflusst. Das Lehrbuch will die Leserin bzw. den Leser daher theoretisch informiert und empirisch fundiert mit den Entstehungsbedingungen, der Entwicklung, Funktionsweise und den Tätigkeiten internationaler Organisationen vertraut machen. Es führt in die wichtigsten Theorien über internationale Organisationen ein und bietet einen historischen Überblick über internationale Organisationen in verschiedenen Politikfeldern. Das Lehrbuch analysiert ferner die Akteure, Strukturen und Prozesse, die die Entscheidungsfindung in internationalen Organisationen prägen. Schließlich werden die Tätigkeiten eines breiten Spektrums internationaler Organisationen und deren Beitrag zur kooperativen Bearbeitung grenzüberschreitender Probleme in den Sachbereichen „Sicherheit“, „Wirtschaft“, „Umwelt“ und „Menschenrechte“ untersucht.
In ‚Principles of Economic Sociology’ skizziert Richard Swedberg, einer der Wegbereiter der neuen Wirtschaftssoziologie, die Konturen dieser vielversprechenden, in den 1980er Jahren (wieder) entdeckten Forschungstradition und eröffnet so wertvolle Einsichten in eine Soziologie der Wirtschaft. Das in den USA 2004 erschienene Werk, das nun auch in deutscher Sprache vorliegt, ist der ambitionierte Versuch, die noch junge, soziologische Analyseform auf Augenhöhe mit der neoklassischen Ökonomik, der Spieltheorie und auch der ökonomischen Verhaltensforschung zu positionieren und neue, soziologische Einsichten in das Wirtschaftsgeschehen zu eröffnen. Mit großer Leidenschaft und dem notwendigen Augenmaß führt Richard Swedberg, der exklusive Kenner der soziologischen wie der ökonomischen Tradition, in die Grundlagen des Faches ein (Marx, Weber, Toqueville) und vermittelt einen konzisen Überblick über die aktuellen Ansätze wie das Einbettungskonzept von Mark Granovetter, die Netzwerktheorie von Harrison White, das Rationalprogramm von James S. Coleman und die Feldtheorie von Pierre Bourdieu. Insbesondere aber vermitteln die ‚Grundlagen der Wirtschaftssoziologie’ ein lebendiges Bild von den Anwendungsgebieten: Unternehmen, Märkten, Recht, Kultur, Vertrauen, Konsum, Geschlecht u.a.
Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four detailed global case studies.
Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics. Andrew Walter and Gautam Sen show that a careful engagement with economics is essential for understanding both contemporary IPE and for analyzing the global political economy. The authors also argue that the deployment of more advanced economic theories should not detract from the continuing importance for IPE of key concepts from political science and international relations. IPE students with little or no background in economics will therefore find this book useful, and economics students interested in political economy will be alerted to the comparative strengths of political science and other social science disciplines. A concise look at the foundations of analysis in the political economy of global trade, money, finance, and investment Suitable for upper-undergraduate and graduate students with some or no economic background Techniques and findings from a range of academic disciplines, including international relations, political science, economics, sociology, and history Further reading and useful weblinks including a range of relevant data sources, listed in each chapter
The first text to fully integrate economic principles with political analysis, State Power and World Markets provides a contemporary and comprehensive overview of the international political economy.
Takes up the important human impact questions of the global economy. With examples, this title links: domestic consequences to international trends, local and regional to global developments, and the formal to the informal economy. It also presents the political dimension of economic interaction.
The nature of the contemporary global political economy and the significance of the current crisis are a matter of wide-ranging intellectual and political debate, which has contributed to a revival of interest in Marx’s critique of political economy. This book interrogates such a critique within the broader framework of the history of political economy, and offers a new appreciation of its contemporary relevance. A distinctive feature of this study is its use of the new historical critical edition of the writings of Marx and Engels (MEGA2), their partially unpublished notebooks in particular. The sheer volume of this material forces a renewed encounter with Marx. It demonstrates that the international sphere and non-European societies had an increasing importance in his research, which developed the scientific elements elaborated by Marx’s predecessors. This book questions widespread assumptions that the nation-state was the starting point for the analysis of development. It explores the international foundations of political economy, from mercantilism to Adam Smith and David Ricardo and to Hegel, and investigates how the understanding of the international political economy informs the interpretations of history to which it gave rise. The book then traces the developments of Marx’s critique of political economy from the early 1840s to Capital Volume 1 and shows that his deepening understanding of the laws of capitalist uneven and combined development allowed him to recognise the growth of a world working class. Marx’s work thus offers the necessary categories to develop an alternative to methodological nationalism and Eurocentrism grounded in a critique of political economy. This book is essential reading for anyone interested in the development of Marx’s thought and in the foundations of International Political Economy.
This unique collection presents a Post-Keynesian perspective on international economics and trade. All the major areas in international economics are covered, with the Post-Keynesian approach giving a welcome fresh perspective. The book is divided into five main sections: * foreign trade * open economy * international payments systems * exchange rate determination * development. Unavailable elsewhere, the readings present original, state-of-the-art research by leading Post-Keynesian scholars. Contributors include: Philip Arestis, Robert Blecker, Paul Davidson, Sheila Dow, Bruce Elmslie, Ilene Grabel John McCombie Eleni Paliginis, A.P. Thirlwall L. Randall Wray Johan Deprez, John T. Harvey,
Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the 'critical'. The challenge posed by contributors to this volume is to assess the development of so-called critical IPE and interrogate whether the theoretical foundations it was built upon have reached their potential. The essays in this volume take up this challenge in a number of different ways but all share a common concern - to re-assess the purpose of critical approaches, reflect on why certain social theorists have been favoured as a point of departure, yet others have largely been ignored. In light of recent debates on the notion of a 'trans-Atlantic divide' within IPE the collection the contributors aim demonstrates how the distinction between the 'critical' and the 'orthodox' (or 'empirical') is only significant if the 'critical' is geared towards a larger, more substantial body of critical social enquiry and engages with what it means to conduct such enquiry.
'There is no better guide through the terrain of international political economy. Jerry Cohen has been a major contributor since the contemporary field emerged in the late 1960s at the intersection of international relations and international economics. He remains a superbly clear writer with first-hand knowledge of the key developments in what is now a truly global discipline. I recommend this book enthusiastically for introductory courses at the undergraduate or graduate levels.' - Louis W. Pauly, University of Toronto, Canada 'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of conversation, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.' - Robert O. Keohane, Princeton University, US 'A concise, readable and deeply informed survey of different approaches to international political economy. Essential reading for students in the field. Even advanced professionals will appreciate the diversity of perspectives examined. Cohen aims to create a more open field of IPE that appreciates and learns from difference. This book is a major contribution towards that goal.' - David A. Lake, University of California, San Diego, US 'Jerry Cohen occupies that rare position from which, when he defines a field, other people sit up and take notice. Here, his experience, insight and vision are brought to bear on how best to define international political economy (IPE) for students who are already familiar with its basic subject matter. Written with his usual panache and in his usual engaging prose, this is a must-read book for both advanced students of IPE and the people who teach them.' - Matthew Watson, University of Warwick, UK Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by some of the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. In this unique and original advanced introduction, Professor Benjamin Cohen pinpoints the essential principles of international political economy and illuminates the full array of perspectives to be found across the globe in this rich field of study. Key Features include: * Provides a comprehensive global survey of IPE. * Concise introduction to the field written in an easily accessible, non-technical form. * In depth analysis of the most established American and British schools of IPE. * Extended discussion of other key national and regional traditions, focusing on the European continent, Latin America, Australia, Canada and China. * Combines a unique sketch of the geography of IPE with insight into how communities fit together. Written in a concise and lively style, the volume serves as an accessible yet thoughtful introduction to international political economy that will be an excellent supplement to leading texts used by advanced students and scholars specializing in international political economy and global political economy.
Although many international political economy texts offer good descriptions of what events have occurred in global economic and political relations, they make little attempt to develop explicit theoretical frameworks explaining why. Andrew SobelÆs International Political Economy in Context: Individual Choices, Global Effects takes a micro approach to international political economy that considers the fact that individualsùnot nationsùmake choices. Grounding policy choices in the competitive environs of domestic politics and decision-making processes, Sobel illustrates how policymakers choose among alternatives, settling on those that are most in sync with their self-interest. The book is structured to build studentsÆ skills for a sophisticated understanding of how and why events unfold in the international political economy. Students become versed in the primary assumptions and structural/macro conditions of economic and political geography in the global arena. An examination of micro-level conditions and mechanisms introduces the factors that influence political and economic outcomes. Students are then able to use those primary assumptions and micro-level arrangements to make sense of past and present changes in the global political economy. Those familiar with SobelÆs first volume, Political Economy and Global Affairs, will easily find their way through this new book. Anyone looking for a compelling, accessible, and fully integrated rational choice perspective on international political economy will find it here.
Despite its claims to global scope and relevance, International Political Economy as a field of study remains entrenched in a narrow set of theoretical, conceptual and empirical foundations derived from the experiences of the advanced industrialized democracies. Bringing together specially commissioned chapters by leading authorities in each key area of debate, Globalizing International Political Economy provides a systematic examination and critique of contemporary IPE, and puts forward a new agenda for a truly 'global' political economy.
What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.
Since the 1990s many of the assumptions that anchored the study of governance in international political economy have been shaken loose. Reflecting on the intriguing and important processes of change that have occurred, and are occurring, Professors Antho
Written between 1857 and 1858, the Grundrisse is the first draft of Marx’s critique of political economy and, thus, also the initial preparatory work on Capital. Despite its editorial vicissitudes and late publication, Grundrisse contains numerous reflections on matters that Marx did not develop elsewhere in his oeuvre and is therefore extremely important for an overall interpretation of his thought. In this collection, various international experts in the field, analysing the Grundrisse on the 150th anniversary of its composition, present a Marx in many ways radically different from the one who figures in the dominant currents of twentieth-century Marxism. The book demonstrates the relevance of the Grundrisse to an understanding of Capital and of Marx’s theoretical project as a whole, which, as is well known, remained uncompleted. It also highlights the continuing explanatory power of Marxian categories for contemporary society and its present contradictions. With contributions from such scholars as Eric Hobsbawm and Terrell Carver, and covering subject areas such as political economy, philosophy and Marxism, this book is likely to become required reading for serious scholars of Marx across the world.
Dealing with the central themes and issues of the subject, this text outlines the different theoretical approaches of the global political economy, as well as engaging key contemporary debates such as worldwide trade and production.
The author builds two macro foundations which lead to an understanding of the economic conditions a society must satisfy in order to exist, survive, and develop. Social subsistence is used as the entry point and fundamental principle, while both production and distribution survival conditions are formulated.
Following the financial crisis at the end of the twentieth century, regionalisms in the global political economy have evolved in a number of ways. This informative book brings together the leading scholars in the field to provide cutting edge analyses of contemporary regions and regionalist projects. Providing an innovative integration of theoretical issues with sophisticated analyses of a wide range of international case studies, the chapters systematically consider the relationship between globalization, financial crisis, and regional projects. In combination, the contributions to this volume provide the widest possible base within the literature for a truly comparative study of contemporary regionalism.